Most small appliances go in our basement or in cabinets. The coffee pot and toaster oven are all we keep out. The can opener and hand mixer are mounted on the walls.
We also have purchased several appliances that have multiple functions - like a blender/food processor and that really helps. Also I invested in new bowls, tupperware, etc. so everything nests together again and sent all the "old" stuff up to the family lake house.
I saw this great idea about pantries...we have one of those pantries where the top shelf is very high up and goes all the way up to the ceiling - mostly unusable space. I took my MOST used platters, muffin tins and serving trays and put them up there in stand up plate stands.. shopped at The Container Store. So instead of stacking those on top of each other and taking up valuable cabinet space, they all stand up in their own vertical holder! (Think 1 stand that has 5 "bookends" in it - creating a verticle way to stack the platters on their sides.)
It's great because before I hardly used that top shelf. They're out of the way so I don't have to worry about them getting chipped. And I've got my cabinet space back!
It's really worth it to "invest" in some new multifunction appliances or storage solutions.